Floyd Mayweather earned $250,000,000.00 for his fight
As a result of the unbelievable numbers, both Floyd Meayweather's and Manny Pacquiao's purses will be a lot higher than originally expected.
"Pac Man" will now take home anywhere between $114 million to $133 million, while it is believed that "Money" will be cashing a $250 million check for his efforts when it's all said and done.
Just let that sink in for a minute.
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WoW
= new reply since forum marked as read
I sometimes feel my childhood heroes like Muhammad Ali, Willie Mays, and Tom Seaver got cheated.
The most Willie made in one year was $200,000.00... A Rod got $29,000,000 for one year.
as there were in Muhammad Ali's day. Well, I don't know for sure exactly but recall reading H2O Man talk about so many boxer's ring earnings in the pockets of their promoters & managers.
This is enough to make me cry
Leon is best known today for his upset victory over an aging Muhammad Ali, becoming the first man to win the heavyweight title in just his eighth fight. To me, Leon is one of the best examples of both a heavyweight champion representing the culture of his era, and a boxer who was victimized by both his own behavior and the wolves who exploit fighters.
Shortly after he won the title, Leon was arrested for driving the wrong way on a one-way street. Police found a small package of cocaine inside the liner of the hat he was wearing. Such things happen when a champion leaves a night club in the morning hours. However, when the disco music and the strobe lights faded, and the sun came up, Spinks found that his potential for a boxing career had slipped away. In a short time, all of his ring earnings were in other people’s pockets, and Leon was homeless. His "friends" all disappeared from his life.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=215x99733
This was Michael Spinks in 2011 suing their promoter's estate after he died
Boxing Champion Michael Spinks Sues Former Promoter’s Estate
Oct. 14 (Bloomberg) -- Ex-heavyweight boxing champion Michael Spinks sued the estate of his former promoter, Ronald E. “Butch” Lewis, alleging Lewis failed to properly manage millions of dollars Spinks earned in his career and violated agreements to continue paying the boxer’s living expenses.
Lewis, who died this year, commingled his personal funds with Spinks’s money and used the boxer’s winnings to pay personal and business expenses for himself and his children, Spinks said in a Delaware Chancery Court lawsuit. The suit also names Robert L. Johnson, founder of Black Entertainment Television, as a defendant. Johnson serves as one of the executors of Lewis’s $8.5 million estate, according to court filings.
“Lewis’s estate has refused to honor Lewis’s promise and has failed to pay any of Spinks’s living expenses,” the boxer’s lawyers said in the suit, filed yesterday in Wilmington, Delaware.
<snip>
Lewis, 65, died at his home in Bethany Beach, Delaware, in July. A former used car salesman in Philadelphia, Lewis rose to become one of the boxing world’s top deal-makers in the late 1970s and 1980s, according to the New York Times. He represented both Michael and Leon Spinks, two brothers who each won gold medals in the 1976 Olympic Games.
http://www.bloomberg.com/news/articles/2011-10-14/boxing-champion-spinks-sues-former-promoter-s-estate-over-money
The business of boxing really hasn't changed, in fact it was Muhammad Ali in the first boxing PPV event in "The thrilla at Manilla" but the providers pay to carry the fight (HBO PPV for Pacquaio -- Showtime for Mayweather) but unlike regular broadcasting (who rake in more from advertisers than they bid on contracts varying on local TV deals -- NFL is entirely national broadcast) the promoters/boxers make more but they all insist on PPV giving them the leverage leaving them with a narrow audience they promote heavily their big ticket fighters such as HBO with Pacquaio. Not a league cooperatively interested in the overall health. Plus corruption & some ugly incidents steered the sport away from network TV leaving behind the parasites.
On the other hand some boxers are very skilled entrepreneurs. Mayweather is owned by Mayweather Promotions which is his own firm that is the most successful promotion firm next to Golden Boy Productions. Mayweather is probably more talented as a businessman than he is a boxer and he is a very talented boxer.
Muhammad Ali was very successful earner, I don't know where he is today with the Alzheimers but for the longest time he was earning more than active boxers from endorsements alone. Muhammad Ali lives northwest from me in Paradise Valley, Arizona very wealthy neighborhood.
Baseball players in Willie Mays era got ripped off for sure.
Curt Flood
hallenge of the reserve clause
Cardinals general manager Bing Devine's letter to Flood, informing him that he had been traded to the Phillies.
Flood's letter to Bowie Kuhn in December 1969. Flood states, "I do not feel that I am a piece of property to be bought and sold irrespective of my wishes." He then states that the Phillies have offered him a contract, but "I believe I have the right to consider offers from other clubs before making any decisions."
Despite his outstanding playing career, Flood's principal legacy developed off the field. He believed that Major League Baseball's decades-old reserve clause was unfair in that it kept players beholden for life to the team with which they originally signed, even when they had satisfied the terms and conditions of those contracts.
On October 7, 1969, the Cardinals traded Flood, Tim McCarver, Byron Browne, and Joe Hoerner to the Philadelphia Phillies for Dick Allen, Cookie Rojas, and Jerry Johnson. Flood refused to report to the moribund Phillies, citing the team's poor record and dilapidated Connie Mack Stadium, and for (what he thought were) belligerent—and racist—fans. Flood said, "That I didn't think that I was going to report to Philadelphia, mainly because I didn't want to pick up twelve years of my life and move to another city."[8] Some reports say he was also irritated that he had learned of the trade from a reporter;[9] but Flood wrote in his autobiography that he was told by midlevel Cardinals management and was angry that the call did not come from the general manager.[10] He met with Phillies' general manager John Quinn, who left the meeting believing that he had persuaded Flood to report to the team.[10] Flood stood to forfeit a lucrative $100,000 ($607,284 as of 2015)[11] contract if he did not report; but after a meeting with players' union head Marvin Miller,[12] who informed him that the union was prepared to fund a lawsuit, he decided to pursue his legal options.[3]
In a letter to Baseball Commissioner Bowie Kuhn, Flood demanded that the commissioner declare him a free agent:
December 24, 1969
After twelve years in the major leagues, I do not feel I am a piece of property to be bought and sold irrespective of my wishes. I believe that any system which produces that result violates my basic rights as a citizen and is inconsistent with the laws of the United States and of the several States.
It is my desire to play baseball in 1970, and I am capable of playing. I have received a contract offer from the Philadelphia club, but I believe I have the right to consider offers from other clubs before making any decision. I, therefore, request that you make known to all Major League clubs my feelings in this matter, and advise them of my availability for the 1970 season.[3][10]
Flood was influenced by the events of the 1960s that took place in the United States. According to Marvin Miller, Flood told the executive board of the players' union, "I think the change in black consciousness in recent years has made me more sensitive to injustice in every area of my life." However, he added that what he was doing in challenging the reserve clause was primarily as a major league ballplayer.[13]
Flood v. Kuhn
Main article: Flood v. Kuhn
Commissioner Kuhn denied Flood's request for free agency, citing the propriety of the reserve clause and its inclusion in Flood's 1969 contract. On January 16, 1970, Flood filed a $1 million lawsuit against Kuhn and Major League Baseball, alleging violation of federal antitrust laws.[14] Even though Flood was making $90,000 at the time,[1] he likened the reserve clause to slavery; it was a controversial analogy, even among those who opposed the reserve clause.[citation needed] Among those testifying on his behalf were former players Jackie Robinson and Hank Greenberg, and former owner Bill Veeck; no active players testified, nor did any attend the trial. Although players' union representatives had voted unanimously to support Flood, rank-and-file players were strongly divided, with many fervently supporting the management position.[3]
Flood v. Kuhn (407 U.S. 258) was argued before the Supreme Court on March 20, 1972. Flood's attorney, former Supreme Court Justice Arthur Goldberg, asserted that the reserve clause depressed wages and limited players to one team for life. Major League Baseball's counsel countered that Commissioner Kuhn had acted "for the good of the game."[citation needed]
On June 19, 1972, the Supreme Court, invoking the principle of stare decisis ("to stand by things decided"
, ruled 5-3 in favor of Major League Baseball, citing as precedent a 1922 ruling in Federal Baseball Club v. National League (259 U.S. 200). Justice Lewis Powell recused himself owing to his ownership of stock in Anheuser-Busch, which owned the Cardinals.[3]
In 1970 the owners and the MLBPA agreed to the "10/5 Rule" (sometimes called the "Curt Flood Rule" , which allows players with ten years of Major League service, the last five with the same team, to veto any trade.[15]
http://en.wikipedia.org/wiki/Curt_Flood
on Don King I don't think we disagree but also feel very similar on Ali. You may be interested in the film "Muhammad Ali's Greatest Fight". Mainly about Supreme Court Justice John Marshall Harlan and his law clerk who convinces him to change his mind after encouraging him to read material from the Nation of Islam to find his conscientious objector status to be genuine said to be based on Bob Woodward's book "The Brethen" (I'd probably recommend the book over the movie if I had read the book 
have been on the lookout at my local library, there is another book there that talks roughly of the same thing but very basic nothing I already didn't know -- my original source comes from one of the editions from Michael Leeds Economics of Sports which goes over many things such as the NCAA which makes no sense but it does from their perspective which leads to more research into the monopsonistic rule "an agreement among competitors not to pay more than a fixed price for a key input, such as labor." The stadium financing aspect really fascinated me -- really knocked a lot of myths.
St. Louis Cardinals were one of those teams that relocated for a new stadium (the era of multipurpose stadiums was an awful waste) but the Savings & Loans crisis put a dent into those plans. Hung around Sun Devil Stadium with stadium noise complaints pushed by the local media killing the 50-50 ballot issues in Tempe & Mesa before finding Glendale on the very edge of town (After 100th avenue & the 101 are fields). The proposed site here in Mesa was instead Mesa Riverview and I can't figure what came out worse because it is basically a glorified shopping center with the Wal-Mart, Peter Piper Pizza, Bed Bath & Beyond, & so many others simply relocating from their West Mesa location to the Riverview location leaving behind urban blight but it is very close to residential neighborhoods but they did build a brand new Cubs stadium right after Ricketts purchased the team he threatened to relocate to Florida with fancy stadium plans that voters approved of with the Oakland A's moving into HoHokam Park after they moved out. Good enough for them.
The Michael Leeds book from several years ago even mentions them. Something about owner wanting the city to cover sales from empty seats (can't remember the specifics of that) which has become a pretty standard with the sweet heart deals such as the 49ers if it is less than 90% the county covers it. On that stadium it could work out if they constantly sell out and sell those PSLs but there are always costs that come up later. I'm sure FieldofSchemes has something. The Florida Marlins & Washington Nationals will cost their hometowns well over 30 years to pay it off
Marlins President Calls Miamians Stupid, Jose Reyes Greedy
"I don't have to hold back now that the stadium is built," Samson told the Beacon Council, adding "we're not the smartest people in Miami. If you're in this room, you're instantly in the top 1%."
Samson recalled his meetings with officials in San Antonio and Las Vegas in exploratory efforts to move the team, and pretty much admitted that selling tickets is more important than having good fans.
If the Marlins were to move to Las Vegas, Mr. Samson said, he suggested the casinos there buy out game tickets in advance so nobody would be drawn away from the casinos.
"We don't care if nobody comes," Mr. Samson recalled with a smile. "We'll play in front of nobody, and we'll have all the money."
http://deadspin.com/5891292/marlins-president-calls-miamians-stupid-jose-reyes-greedy
I love Field of Schemes because the highlight the absurdity of it all
WI gov Walker: State’s dead broke, giving $150m to Bucks may have to wait a few weeks
http://www.fieldofschemes.com/
I've noticed quite a few articles where they have been very critical on the local Milwaukee press on this issue, journalism for one reason or another fails on this issue.
You may appreciate this one
U-T San Diego sold to LA Times, may actually be allowed to do real reporting on Chargers stadium again
Doug Manchester, the hotel baron who bought the San Diego Union-Tribune in 2011 and turned it into UT San Diego, along the way declaring that newspapers “need to be a cheerleader for what’s right and good for the country, such as promoting the new stadium,” has apparently decided to lead cheers in a different way, as he’s selling the paper to the owners of the L.A. Times for a bargain $85 million. (Manchester paid $110 million for the paper when he bought it.)
Clearly, this could have a huge impact on the Chargers stadium debates, if the U-T (which the Times may allow to have its old, non-stupid name back) now does some actual reporting on stadium plans, as the Times has been doing and doing well, instead of whatever the hell has been going on over at Manchester’s paper. Meanwhile, does this mean Tim Sullivan can have his old job back?
http://www.fieldofschemes.com/2015/05/08/9039/u-t-san-diego-sold-to-la-times-may-actually-be-allowed-to-do-real-reporting-on-chargers-stadium-again/
One of my all-time favorites was when Sacramento compared the Maloofs to North Korea except they are less competent.
On Sunday, the leader of Johnson's Think Big Sacramento arena task force, Chris Lehane, told USA Today that "dealing with the Maloofs is like dealing with the North Koreans -- except they are less competent." Lehane also told ESPN that the Maloofs were just "looking for ways to blow up the deal," and added that it's the Maloofs who need to go, not the mayor or the Kings: "In Maloof-world, facts are fiction; truths are half-truths; and promises are broken promises. The City of Sacramento deserves better."
http://www.fieldofschemes.com/news/archives/2012/04/4902_sacramento_king_4.html
Thanks for the link. Reading right now
A sports person making tons of money for doing relatively nothing?
ERMAGARD.
A completely new form of injustice has come upon us.
. Yay!! He can pay lots of taxes with that. We need the money. 
